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Home2022October

Month: October 2022

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Aviation

80 airports and upgradation of aerodromes expected in coming years

October 31, 2022

As per the Ministry of Civil Aviation (MoCA), India will have an additional 80 airports within the next four to five years with aerodromes upgraded to fulfil certain requirements for their operations. These requirements include […]

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Aviation

Mandi International Airport Limited gets approval for construction of Mandi International Airport

October 30, 2022

The Himachal Pradesh cabinet approved the incorporation of a joint ven­ture (JV) company, Mandi International Airport Limited, for the im­ple­mentation of the Mandi International Airport project, on September 28, 2022. The project involves the setting […]

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Aviation

Acquisition of land takes place for Nagaland’s Chiethu Greenfield Airport

October 29, 2022

The Nagaland government has acquired 1,013.72 acres of land for implementation of the Chiethu Greenfield Airport project. It will be transferred to the AAI soon. The state government has decided to construct a runway of […]

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Aviation

Work begins at Sabarimala Greenfield Airport project

October 29, 2022

Soil testing work for implementation of the Sabarimala (Dharma­sastha) Greenfield Airport project commenced on September 20, 2022. The project involves development of a greenfield airport at Sabarimala in Kerala, on a public-private partnership (PPP) basis, […]

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Aviation

Terminal 2 of Kempegowda Airport may be inaugurated soon

October 28, 2022

The Union Government is expected to inaugurate Terminal 2 of the Kem­pegowda Airport under the Bengaluru International Airport expansion project, Phase II (Kempe­gowda Airport) on November 10, 2022. The necessary work is being done un­der […]

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Aviation

Greenfield airport being planned at Chhapda, Madhya Pradesh

October 28, 2022

The Madhya Pradesh government is planning to set up a greenfield airport at Chhapda in Dewas district. The construction of this airport has received preliminary approval from the state government. Moreover, the land for the […]

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Aviation

AI to be implemented for operations by Akasa Air

October 27, 2022

Akasa Air is collaborating with RateGain company to enable artificial in­telligence (AI) in its operations. RateGain is a global software-as-a-ser­vice solutions provider for travel and hospitality. Their product called AirGain will allow the airline to […]

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Aviation

Tiruchirapalli Airport’s new terminal building expected to be completed by June 2023

October 27, 2022

Construction work on Tiruchirapalli Airport’s new terminal building project is likely to be completed by June 2023. This project involves d­evelopment of a new integrated terminal building at the Tiruchi­rapalli International Airport in Tamil Nadu, […]

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Oil and Gas

MoPNG announces OALP Bid Round-IX under HELP

October 26, 2022

The Ministry of Petroleum and Natural Gas (MoPNG) has announced an auction for the exploration and development of 26 blocks under the offshore Open Acreage Licensing Policy (OALP-IX), itself part of the Hydro­carbon Exploration and […]

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Aviation

Akasa Air achieves 0.1 million passengers

October 26, 2022

Akasa Air reported that it reached around 0.1 million passengers in its first seven weeks of operations, starting from August 7, 2022. It also recorded an improvement in its load factor from 53 per cent […]

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Oil and Gas

World’s first CNG terminal to come up in Bhavnagar, Gujarat

October 25, 2022

The first CNG terminal in the world is planned to be built near Gujarat’s Bhavnagar port, at an estimated investment of Rs 40 billion. It will be executed by a consortium of the Mumbai-based Padmanabhan […]

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Oil and Gas

AG&P inaugurates LCNG station in Ranipet, Tamil Nadu

October 25, 2022

AG&P Pratham has launched the first liquefied compressed natural gas (LCNG) station near Manthangal village in Ranipet district of Tamil Nadu. The station will act as a local storage point to which gas will be […]

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Oil and Gas

CPCL commissions new sulphur recovery unit at its Manali refinery

October 24, 2022

Chennai Petroleum Corporation Limited, a subsidiary of IOCL, has commissioned a new sulphur recovery unit at its Manali refinery at a cost of Rs 5.7 billion. The unit will process high-sulphur crude on a continuous […]

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Oil and Gas

Gas prices reach an all-time high after revision

October 24, 2022

Domestic natural gas prices were hiked by a record 40 per cent on October 1, 2022. Natural gas prices now stand at $8.57 per million British thermal units (mmBtu) on gross calorific value in the […]

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Oil and Gas

India plans to set up strategic gas reserve amid global energy crisis

October 23, 2022

India is expediting a plan to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR), amidst a global energy crisis triggered by the Russia-Ukraine conflict, which has sent fuel […]

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Oil and Gas

BPCL signs agreement with Petrobras to diversify oil sourcing

October 23, 2022

Bharat Petroleum Corporation Limited (BPCL) has signed a preliminary agreement with Brazil’s national oil company, Petrobras for sourcing crude oil from the Latin American nation as part of its plans to diversify sourcing needs. BPCL […]

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Ports & Shipping

NCLT grants approval to APSEZ to acquire balance stake in GPL

October 22, 2022

The National Company Law Tribunal has granted approval for the acquisition of 58.1 per cent stake in Gangavaram Port Limited by Adani Ports and Special Economic Zones. The deal prices Gangavaram Port at around Rs […]

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Ports & Shipping

Foundation stone laid for various projects at Deendayal Port

October 22, 2022

On October 3, 2022, foundation stones were laid for four projects worth more than Rs 2.8 billion at the Deendayal Port Authority (DPA), Kandla, Gujarat. The projects include construction of new dome-shaped godowns inside the […]

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Ports & Shipping

Proposed seaport to be constructed at Machilipatnam receives CRZ clearance

October 21, 2022

In a recent development, the seaport proposed to be constructed at Machilipatnam in the Krishna district of Andhra Pradesh received coastal regulation zone clearance from the Chennai-based National Centre for Sustainable Coastal Management. This has […]

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Ports & Shipping

CCI approves acquisition of Essar Ports assets

October 21, 2022

The Competition Commission of India recently approved the acquisition of Essar Group’s assets by ArcelorMittal Nippon Steel India Li­mi­ted. The assets to be acquired include Essar Bulk Terminal Limi­ted, Essar Bulk Terminal Paradip Limited, Essar […]

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